#Asia Dating app Paktor raises new round from Indonesian media conglomerate MNC Group

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The undisclosed funding will allow Paktor to tap into MNC’s media assets and expand its influence in Indonesia

Paktor

Singapore-based social dating platform Paktor has announced it has raised an undisclosed amount from Indonesian conglomerate MNC Media Group – Indonesia’s largest free to air operator.

Through this tie-up, Paktor will be able to extend its reach deeper into Indonesian market, which it has already acquired 2 million users in the past 10 months. It will also be able to tap into MNC’s multiple media assets in the country.

Launched in 2013, Paktor is present in most markets in Southeast Asia and Taiwan. It currently has over 7 million registered users and is experiencing 15 million matches a month.

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It introduced monetisation options in 2015 and claimed that its app revenue grew over 100 times in that year. Paktor also says it is expecting to hit revenue in the 8 figure range by end of 2016.

Last year, it raised a Series B of US$7.5M from Majuven, Convergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings), putting its total funding at US$12.3 million.

e27 has reached out to Paktor for more information about its current funding round and will update as soon as we receive word.

The post Dating app Paktor raises new round from Indonesian media conglomerate MNC Group appeared first on e27.

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